Richmond vs Terre Haute
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Terre Haute is 51% cheaper for renters. A 2-bedroom rents for $676/mo vs $1,021/mo in Richmond — saving $4,140/year.
Rent by Unit Size
| Unit Size | Richmond | Terre Haute | Difference |
|---|---|---|---|
| Studio | $669 | $419 | $250 |
| 1 Bedroom | $842 | $537 | $305 |
| 2 Bedrooms | $1,021 | $676 | $345 |
| 3 Bedrooms | $1,317 | $806 | $511 |
| 4 Bedrooms | $1,453 | $964 | $489 |
| Median Income | $69,914 | $40,500 | $29,414 |
Richmond
- Studio
- $669/mo
- 1 BR
- $842/mo
- 2 BR
- $1,021/mo
- 3 BR
- $1,317/mo
- 4 BR
- $1,453/mo
- Median Income
- $69,914/yr
Terre Haute
- Studio
- $419/mo
- 1 BR
- $537/mo
- 2 BR
- $676/mo
- 3 BR
- $806/mo
- 4 BR
- $964/mo
- Median Income
- $40,500/yr
Frequently Asked Questions
Is Richmond or Terre Haute cheaper to rent in?
Terre Haute is cheaper — a 2-bedroom Fair Market Rent is $676/mo vs $1,021/mo in Richmond. That's $345/mo or $4,140/year more expensive in Richmond (51% higher).
What is the 2-bedroom rent in Richmond vs Terre Haute?
The HUD Fair Market Rent for a 2-bedroom in Richmond is $1,021/month. In Terre Haute, a 2-bedroom FMR is $676/month.
How do incomes compare between Richmond and Terre Haute?
The median household income in Richmond is $69,914/year. In Terre Haute it is $40,500/year. Richmond has the higher median income.
What is the studio rent in Richmond vs Terre Haute?
A studio apartment Fair Market Rent in Richmond is $669/mo. In Terre Haute it is $419/mo.